Loans to Tribal Students for Higher Studies Abroad

About This Scheme

The "Loans to Tribal Students for Higher Studies Abroad" scheme was launched by the Tribal Development Department, Government of Gujarat. The scheme aims to provide financial assistance to tribal students who wish to pursue higher education in foreign universities. Through this scheme, eligible Scheduled Tribe (ST) students can avail a loan at a concessional interest rate of 4% per annum.

Eligibility

1. The applicant must be a resident of Gujarat. 1. The applicant must be a student. 1. The applicant must belong to the Scheduled Tribe (ST) category. 1. The applicant must have secured special merit in Matriculation, Higher Secondary, Indian School Certificate, or its equivalent examination. 1. The applicant must have secured admission to a recognized foreign university for higher education. 1. The applicant must have passed the Higher Secondary Certificate (HSC) or equivalent examination.

Benefits

Monetary Benefit: - Loan of up to ₹15,00,000 or the actual cost of study/training abroad, whichever is lower. Interest Rate: - 4% per annum. Penalty Interest: - 2.5% per annum for late repayment. Beneficiary Contribution: - No contribution is required from the beneficiary. Repayment Terms: - Repayment to be made in 60 monthly installments. - Repayment starts 6 months after completion of studies. - Early repayment is permitted.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.